msnbc/rachel-maddow-show/gop-demands-pound-flesh-tax-deal House Republicans haven’t had much success this Congress passing actual legislation into law, but they’ve nevertheless invested quite a bit of time focusing on one of their favorite pastimes: cutting taxes without paying for it. The Democratic-run Senate has largely ignored the bills from the lower chamber, but in recent weeks, House Republicans and Senate Majority Leader Harry Reid’s (D-Nev.) have been negotiating a deal on tax breaks set to expire at the end of 2014, and yesterday, a deal took shape. Before we get to the substantive details, it’s important to note how GOP lawmakers approached the talks: Left off were the two tax breaks valued most by liberal Democrats: a permanently expanded earned-income credit and a child tax credit for the working poor. Friday night, Republican negotiators announced they would exclude those measures as payback for the president’s executive order on immigration, saying a surge of newly legalized workers would claim the credit, tax aides from both parties said.
Posted on: Fri, 28 Nov 2014 04:36:13 +0000
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